VAT made simple: when to register & how to file your VAT201
Confused by SARS VAT? This simple guide for SA businesses explains the R1 million threshold, when to register, and how to file your VAT201 correctly to avoid penalties.
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Good day I hope this email finds you well. I am reaching out to inquire about the tax services your firm offers, as I need assistance with filing both provisional tax and personal income tax. I have recently been issued with a letter asking for additional information, even though I thought I correctly provided all this information already. I have also been informed that I need to file both provisional tax and personal income tax, and I must admit that navigating through these processes on my own has proven to be quite challenging. Given the complexities and potential ramifications of incorrect filings, I believe it's crucial to seek professional guidance to ensure compliance and accuracy. Could we schedule a consultation to discuss how your firm can assist me with my tax obligations? I would appreciate the opportunity to learn more about your approach and discuss the specifics of my situation in more detail. Regards
- CHIVA is a trust with Public Benefit Organisation status - Our source of income is donations, for which we issue Section 18A tax certificates - Our total expenditure during the FY is in the region of R 3 million - Our financial year-end is 29th February - We need the AFS finalised within 6 months of our financial year-end for donor purposes - All our purchases are processed in Xero accounting software and our bank statements are reconciled monthly - Our payroll is processed in SimplePay - We do not have an assets register, as equipment is either donated or purchased as an expense, so no depreciation required
Its services are required by the National Lottery Commission for funds we received from them in . This is for the / financial year and the Department of Social Development for this coming to the end of the financial year ( to , March). We paid a previous Auditor/accountant and we waited for more than a year four our financial reports and this is so frustrating. I am not sure which attachments you maybe requesting at this stage. Kindly guide
Audit
I want to be non compliant on CSD
Letter from the bookkeeper confirming it’s a sole prop and income verification. 2 years up to date financial statements and management statement up to date 3 months up to date business and personal bank statements Personal assets and liabilities